Headquarters:

1 King St. West, Toronto, Ontario, M5H 1A1, Canada

Company website: relayplatform.com

Number of employees: 25 

Area of operation (States): National 

Number of unique products: 2 

What category best fits your products?  

Rating System (PL & CL), Communications 

What is the name of your product/service? 

I5

What do you consider your core business? 

State of the art quote-bind-rate solution to access capacity and instant quotes across P&C lines, especially cyber, professional risk, private clients, commercial property and specialty lines.

How does your solution help independent agents/brokers? 

Automated proposal and quotes for all P&C lines with recommendations on policies and pricing.

Lines of business offered in platform:

Property, BOP, General Liability, Package, Umbrella, Commercial Trucking, Cyber, Professional & Management Liability, Surety, Financial Services, Private Clients

Features:

Automated, configurable proposal (“Smart Client Proposal”), “Competitive Differentiation Table” combining both instant and manual quotes, proposal conversion analytics, placement & partner analytics, client facing forms and affinity programs, third party risk data enrichment e.g. security assessment, AI/machine learning recommendations on pricing and terms

Current number of insurance agency customers: 75 

If your system integrates with other platforms, CRMS or AMS, which ones and how? 

Applied Epic, IVANS

Inventory:

We are able to work with every carriers/MGA through our email quoting feature. We also work with the brokers as we onboard them to ensure that all the carriers/MGAs they want to work with are enabled for your implementation. We have multiple existing integrations in Cyber and have signed up the main capacity providers in most other lines we serve, whether through APIs or emails.

State(s) where premium quotes are available: 

All states.

How can clients access support? 

Online within the product.

Does your system pre-fill data prospect?  If yes, what data is available? 

Yes. All required renewal information.

Can the agent email a proposal from within the system to their client? 

Yes and they can also invite the client into the system.

Do you provide a coverage comparison between companies? 

Yes

Does your platform integrate with any agency management systems? 

Yes. IVANS/Applied through SDK, as well as others.

Do you allow real time consumer facing quoting?  

Yes, in all commercial lines with a particular expertise in Cyber, Professional & Management Liability and Private Clients. We are also rapidly expanding into other lines.

Do you offer a customer facing portal? 

Yes

Do you offer a single application?

Yes

Does your system have the capability of importing schedules (vehicles, location) to prefill fields?  

Yes. 5,000 maximum

Do you offer insurance company submission management?

Yes

Do you offer application bundling? 

Yes

Are class codes built in? 

Yes

What type of platform does your system run on?

Saas, Cloud, Website

How much does your service cost? 

Annual fee based on expected volumes.

Is your platform available through state associations or other endorsement programs?  

No. 

Current industry partnerships? 

AMS and Policy Management Systems

What is the best way for agents to find out more about your solution? 

[email protected] to schedule a demo

Additional information:

Relay works on top of AMSs to generate competitive differentiation tables and smart client proposals.